Nice article binding together:
- the escalating debt burden,
- the unwillingness to declare a default of Greece due to non-funding of the issuers of the derivatives,
- the incorrect assumption that debt is wealth,
- the exponential growth in population and need for resources, etc.
and more.

Eventually there will be an awakening, a balancing of the scales and a bill to be paid, and for that I hold gold - Jim Sinclair

It gets more and more evident that in order to respond to the crisis European governments start constructing a European socialism with shared budgets, share debt but central power. Centralized bodies such as the commission will govern into the member states governments and economies.

Even though the USSR was officially a union of 15 subnational Soviet republics, its government and economy was highly centralized.

Sorry for being in German but I have not seen similar articles in English yet...

It gets more and more evident that in order to respond to the crisis European governments start constructing a European socialism with shared budgets, share debt but central power. Centralized bodies such as the commission will govern into the member states governments and economies.

Even though the USSR was officially a union of 15 subnational Soviet republics, its government and economy was highly centralized.

Sorry for being in German but I have not seen similar articles in English yet...

Now how about the United States .... also a union with many different populations & states. The only thing that really binds them is language. How would you think the people of these states would react if the going really gets though (like 150 years ago) .......

Last edited by Indiana Jones on 22 Feb 2012, 20:14, edited 1 time in total.

Everything that needs to be said has already been said.
But since no one was listening, everything must be said again.

It gets more and more evident that in order to respond to the crisis European governments start constructing a European socialism with shared budgets, share debt but central power. Centralized bodies such as the commission will govern into the member states governments and economies.

Even though the USSR was officially a union of 15 subnational Soviet republics, its government and economy was highly centralized.

Sorry for being in German but I have not seen similar articles in English yet...